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Bua Group head promises cement prices will fall in Nigeria

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Nigeria: Alhaji Abdulsamad Isyaku Rabiu, the chairman of Bua Group, has promised that cement prices will soon fall. He made the comments after meeting with Yemi Osinbajo, the vice-president of the country, according to the This Day newspaper. He cited a fall in the price of low pour fuel oil (LPFO) and more favourable foreign exchange rates. He added that the three major cement producers were working ‘hard’ to reduce prices. However, he did not reveal a date for the reduction.

URL: https://globalcement.com/news/item/6309-bua-group-head-promises-cement-prices-will-fall-in-nigeria

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